BFRZ Innovator Equity Managed 100 Buffer ETF
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Innovator Equity Managed 100 Buffer ETF (BFRZ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-05-12
- Has Options
- No
- Expense ratio
- 0.89% issuer, Oct 22, 2026
- Assets
- $146M issuer-reported, Oct 21, 2026
- Trailing yield
- 0.24% paid quarterly
- Average daily volume
- $1.4M 30 sessions
- Holdings
- 187 top 10 are 38.7%
- Listed
- May 12, 2025 NYSE Arca
- Net asset value
- $27.29 issuer, Oct 21, 2026
- Reference asset
- SPX period ends Sep 30, 2027 (343 days)
- Cap, full period
- — before fees
- Protection, full period
- 100.0% losses below the start level
- Reference since start
- −8.4% $7,757.17 on Oct 21, 2026
- Upside left to the cap
- — for a buyer today
- Drop before the buffer starts
- 0.0% unprotected from here
Moves with. US large-cap stocks (66% of its variance, beta 0.37); Value over growth (6% of its variance, beta -0.04). These factors explain 72% of its daily moves over the last year.
Stated objective. The Fund seeks to provide capital appreciation while seeking to limit the amount of losses experienced by investors (prior to taking into account management fees and other fees). (from the fund's prospectus)
All 187 holdingsFlow historySimilar fundsOverlap toolAll Buffer ETFs
- Jul 2026
- +$2.7M latest reported month
- Latest 3 months
- +$12M +8.8% of assets
- Latest 12 months
- +$99M +71.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$2.7M |
| Jun 2026 | +$63K |
| May 2026 | +$9.4M |
| Apr 2026 | +$6.6M |
| Mar 2026 | +$5.3M |
| Feb 2026 | +$8.1M |
| Jan 2026 | +$28M |
| Dec 2025 | +$2.7M |
| Nov 2025 | +$2.7M |
| Oct 2025 | +$20M |
| Sep 2025 | +$9.2M |
| Aug 2025 | +$3.9M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 15 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| XBFRInnovator Equity Managed 10 Buffer ETF | 80% | 0.79% | $54M | — | compare |
| PHEQParametric Hedged Equity ETF | 75% | 0.29% | $140M | +11.1% | compare |
| PEPSParametric Equity Plus ETF | 73% | 0.10% | $29M | +17.4% | compare |
| GXLCGlobal X U.S. 500 ETF | 68% | 0.02% | $4.6M | +16.4% | compare |
| BKLCBNY Mellon US Large Cap Core Equity ETF | 68% | 0.00% | $6.9B | +15.0% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +0.9% 24% under, 30% over · 100% covered
- Price / earnings
- 27.7 4% loss-making · 99% covered
- Price / book · sales
- 5.3 · 3.7 revenue growth +14.4%
- Above 200-day average
- 71% 59% above 50-day · by weight
- Short interest
- 2.2% of float, weighted · 2.9 days to cover
- Insider buying
- 3% of weight had net insider buying, 90 days; 70% net selling
- 13F holders
- +2.6% change in shares held by institutions, latest quarter
- Reporting earnings
- 37.4% of weight in 7 days; 59.6% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $72M · $1.3M over the fiscal year
- Redemptions in kind
- 96% creations 91% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.44% of assets on loan on average; earned 0.3 bp
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-30 | 2026-10-02 | $0.0120 | CD |
| 2026-06-30 | 2026-07-01 | $0.0161 | CD |
| 2026-03-31 | 2026-04-01 | $0.0151 | CD |
| 2025-12-31 | 2026-01-02 | $0.0233 | CD |
| 2025-09-30 | 2025-10-02 | $0.0173 | CD |
| 2025-06-30 | 2025-07-01 | $0.0139 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA Corp | 7.43% | Equity (US) | US |
| AAPL | Apple Inc | 7.33% | Equity (US) | US |
| MSFT | Microsoft Corp | 5.85% | Equity (US) | US |
| AMZN | Amazon.com Inc | 3.98% | Equity (US) | US |
| GOOGL | Alphabet Inc | 2.97% | Equity (US) | US |
| GOOG | Alphabet Inc | 2.51% | Equity (US) | US |
| AVGO | Broadcom Inc | 2.43% | Equity (US) | US |
| META | Meta Platforms Inc | 2.35% | Equity (US) | US |
| — | SPXW US 09/30/27 P8465 | 2.02% | Derivative | — |
| TSLA | Tesla Inc | 1.86% | Equity (US) | US |
| — | US BANK MMDA - USBGFS 9 09/01/2037 | 1.74% | Cash/Money Market | — |
| LLY | Eli Lilly & Co | 1.74% | Equity (US) | US |
| MU | Micron Technology Inc | 1.64% | Equity (US) | US |
| JPM | JPMORGAN CHASE & CO. | 1.64% | Equity (US) | US |
| — | SPXW US 06/30/27 P8250 | 1.58% | Derivative | — |
| AMD | Advanced Micro Devices Inc | 1.47% | Equity (US) | US |
| XOM | ExxonMobil Holdings Corp | 1.35% | Equity (US) | US |
| BRK.B | Berkshire Hathaway Inc | 1.31% | Equity (US) | US |
| V | Visa Inc | 1.29% | Equity (US) | US |
| JNJ | Johnson & Johnson | 1.16% | Equity (US) | US |
| ABBV | AbbVie Inc | 1.06% | Equity (US) | US |
| MA | Mastercard Inc | 1.01% | Equity (US) | US |
| CSCO | Cisco Systems Inc | 0.98% | Equity (US) | US |
| WMT | Walmart Inc | 0.97% | Equity (US) | US |
| COST | Costco Wholesale Corp | 0.88% | Equity (US) | US |
| MRK | Merck & Co Inc | 0.87% | Equity (US) | US |
| KO | Coca-Cola Co/The | 0.85% | Equity (US) | US |
| PG | Procter & Gamble Co/The | 0.78% | Equity (US) | US |
| UNH | UnitedHealth Group Inc | 0.78% | Equity (US) | US |
| CAT | Caterpillar Inc | 0.74% | Equity (US) | US |
| INTC | Intel Corp | 0.74% | Equity (US) | US |
| PM | Philip Morris International Inc | 0.72% | Equity (US) | US |
| BAC | Bank of America Corp | 0.71% | Equity (US) | US |
| HD | Home Depot Inc/The | 0.68% | Equity (US) | US |
| GE | GE AEROSPACE | 0.63% | Equity (US) | US |
| CVX | Chevron Corp | 0.62% | Equity (US) | US |
| KLAC | KLA CORP | 0.60% | Equity (US) | US |
| PLTR | Palantir Technologies Inc | 0.60% | Equity (US) | US |
| GILD | Gilead Sciences Inc | 0.58% | Equity (US) | US |
| AMGN | Amgen Inc | 0.56% | Equity (US) | US |
| VLO | Valero Energy Corp | 0.54% | Equity (US) | US |
| DIS | Walt Disney Co/The | 0.54% | Equity (US) | US |
| RTX | RTX Corp | 0.51% | Equity (US) | US |
| GEV | GE Vernova Inc | 0.48% | Equity (US) | US |
| MCD | McDonald's Corp | 0.47% | Equity (US) | US |
| ANET | Arista Networks Inc | 0.46% | Equity (US) | US |
| CSX | CSX Corp | 0.45% | Equity (US) | US |
| IBM | International Business Machines Corp | 0.45% | Equity (US) | US |
| MRVL | MARVELL TECHNOLOGY INC | 0.42% | Equity (US) | US |
| T | AT&T Inc | 0.42% | Equity (US) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 3.99% | $5.5M | 7 |
| Short-term investment | 3.62% | $5.0M | 2 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 0.19% | 0.19% |
| Feb | -- | -0.29% | -0.29% |
| Mar | -- | -1.86% | -1.86% |
| Apr | -- | 0.23% | 0.23% |
| May | 0.64% | 2.71% | 1.68% |
| Jun | 0.66% | -1.06% | -0.20% |
| Jul | 1.15% | -0.20% | 0.47% |
| Aug | 1.87% | -0.21% | 0.83% |
| Sep | 2.34% | 0.78% | 1.56% |
| Oct | 1.60% | 0.41%* | 1.01% |
| Nov | -0.63% | -- | -0.63% |
| Dec | 0.09% | -- | 0.09% |
| Total | 7.95% | 0.64% | 4.29% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: BFRZ
Executive Summary
BULLISH with confidence level 8/10
Key drivers: Strong technical trend, low volatility, positive correlation with market.
Primary risks: Overbought RSI, potential for mean reversion.
Investment thesis: BFRZ is likely to continue its upward momentum due to a strong technical trend and low volatility. However, the stock's overbought condition may lead to a short-term correction.
Recent news sentiment impact: No recent news available, which reduces the influence of external factors on the stock price.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend, Medium-term (1-3 months): Uptrend, Long-term (3-12 months): Uptrend
Support/Resistance Levels: Key levels to monitor are $26.86 (SMA 20), $26.56 (SMA 50), and $27.30 (Upper Bollinger Band).
Momentum Signals:
- RSI interpretation: Overbought (>70) with a reading of 77.42.
- MACD signal: Bullish crossover above the signal line.
- Bollinger Bands position: Neutral, indicating no clear trend.
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral sentiment due to lack of recent news.
Catalyst Identification: None identified.
Market Narrative: The stock's strong technical trend and low volatility are driving its upward momentum, despite being overbought.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.32).
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals: No options data available.
Downside Protection: Support level at $26.42 (Lower Bollinger Band) and potential for mean reversion if the stock corrects.
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: Strong.
Institutional Activity: Low volume and institutional interest, indicating a lack of strong buying or selling pressure.
Correlation Analysis: The stock's correlation with market is 0.77, indicating a positive relationship.
Relative Valuation: BFRZ is positioned within its trading range, with no clear signs of overbought or oversold conditions.
Key Levels & Action Items
Critical Price Levels: $26.86 (SMA 20), $26.56 (SMA 50), and $27.30 (Upper Bollinger Band).
Breakout/Breakdown Levels: None identified.
Time-Sensitive Catalysts: No upcoming events or earnings dates available.
Risk Management: Monitor the stock's price action and adjust position sizes accordingly based on volatility and market conditions.
I hope this analysis meets your requirements!
BFRZ Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
BFRZ Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|